Financial Professionals, Fairness, and Culture: The Tug-of-War Over Values in the Aftermath of the Financial Crisis

Lecture

Meir Statman, Glenn Klimek Professor of Finance at Santa Clara University, and author, "What Investors Really Want," presents. The financial crisis of 2008 intensified a debate over "who deserves what and why" in terms of income and wealth. On such matters, financial professionals on Wall Street tend to hold views different from economic actors on Main Street. But how does a society go about arriving at common assumptions that span the divide between Wall Street and Main Street -- about fairness, income, and wealth? Professor Statman will be sharing his latest research in this crucial area of behavioral finance.